Reconciling the Rawlsian and the utilitarian approaches to the maximization of social welfare

Oded Stark, Marcin Jakubek, and Fryderyk Falniowski

Under a deadweight loss of tax and transfer, there is tension between the optimal policy choices of a Rawlsian social planner and a utilitarian social planner. However, when with a weight greater than a certain critical value the individuals' utility functions incorporate distaste for low relative income, a utilitarian will select exactly the same income distribution as a Rawlsian.

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Year of publication:	2014
Authors:	Stark, Oded ; Jakubek, Marcin ; Falniowski, Fryderyk
Publisher:	Bonn : ZEF
Subject:	Maximization of social welfare \| Rawlsian social welfare function \| Utilitarian social welfare function \| Deadweight loss \| Distaste for low relative income \| Soziale Wohlfahrtsfunktion \| Social welfare function \| Utilitarismus \| Utilitarianism \| Wohlfahrtsökonomik \| Welfare economics \| Rawls-Gerechtigkeitstheorie \| Rawls's theory of justice

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Extent:	Online-Ressource (25 S.)
Series:	ZEF discussion papers on development policy. - Bonn : ZEF, ISSN 2942-9471, ZDB-ID 2125885-5. - Vol. 184
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/98228 [Handle]
Classification:	D31 - Personal Income, Wealth and Their Distributions ; D60 - Welfare Economics. General ; H21 - Efficiency; Optimal Taxation ; I38 - Government Policy; Provision and Effects of Welfare Programs
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010233538